Host Wenchi Yu speaks with Olivia Plotnick, a Shanghai-based social media and marketing entrepreneur, who recently completed a marketing research project spanning 30 cities in 60 days in China. The conversation attempted to answer the question: How’s China’s economy faring? Has the trade war’s impact been felt on the ground? How are consumers spending their money? Olivia’s findings of health & fitness, tourism, beauty, and youth trends challenge conventional wisdom and offer surprising insights into the state of China and its consumers across age groups. She discusses the importance of understanding consumer behavior beyond just data and statistics, and highlights the rise of tier two and below cities, the competition between Starbucks and Luckin Coffee, the explosion of milk tea brands, and the impact of EV adoption. She also delves into changing consumer values and the evolving narrative around China's economy.

Olivia Plotnick's Substack: https://substack.com/@whowhatwai 

0:00 Understanding China's Economic Landscape
04:57 Exploring Tier Two and Below Cities
11:35 Diverse Perspectives on China's Economy
17:33 The Coffee Wars: Starbucks vs. Luckin
23:03 The Rise of Milk Tea and Local Cafes
29:37 Trends in Health, Fitness, and Consumer Behavior
35:20 Debunking Western Narratives on China's Economy

Perspectives with Wenchi Yu

YouTube: https://youtube.com/playlist?list=PLkK1a7U8kP0TgXhvI5Bj70H4cPPlapCdQ&si=RuA_jZROR2ynRbxH

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